.png?width=1392&height=242&name=CREtech%20New%20York%20Logo%20with%20Dates%20(1).png)
The (Data) Science Of The Deal: How AI Will Transform Commercial Real Estate
CRETech
·
1 minute read
Artificial intelligence is infusing virtually every sector of the modern economy, and real estate is no exception. From machine learning algorithms that match homebuyers to listings to chatbots attending to clients’ needs, the real estate industry is buying into technological solutions that aim to make the industry more efficient, profitable and service-oriented.
In commercial real estate, however, AI has yet to gain a significant foothold. But the technology carries the potential to transform the core of the industry: the transaction process. AI’s integration into commercial real estate investment transactions promises to help tackle some of the industry’s biggest challenges, unlock once-invisible insights and deliver untapped value to investors. As a commercial real estate investor and a veteran of two previous tech startups, I see a world of game-changing opportunities in the fledgling field of AI-driven commercial real estate.
